Xometry (NASDAQ:XMTR) Trading Down 6.7% – Time to Sell?

Shares of Xometry, Inc. (NASDAQ:XMTR) fell 6.7% on Thursday . The stock traded as low as $41.56 and last traded at $41.3950. 109,528 shares were traded during trading, a decline of 89% from the average session volume of 1,012,803 shares. The stock had previously closed at $44.37.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on XMTR. Zacks Research raised Xometry from a “strong sell” rating to a “hold” rating in a research note on Monday, March 2nd. William Blair reiterated an “outperform” rating on shares of Xometry in a research report on Tuesday, February 24th. UBS Group boosted their price target on Xometry from $54.00 to $55.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 25th. Wedbush dropped their price target on Xometry from $70.00 to $60.00 and set an “outperform” rating for the company in a research report on Wednesday, February 25th. Finally, Royal Bank Of Canada dropped their price target on Xometry from $64.00 to $55.00 and set a “sector perform” rating for the company in a research report on Wednesday, February 25th. Five equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Xometry presently has a consensus rating of “Hold” and an average target price of $62.00.

Xometry Price Performance

The company has a quick ratio of 3.72, a current ratio of 3.76 and a debt-to-equity ratio of 1.18. The stock has a market capitalization of $2.17 billion, a PE ratio of -34.23 and a beta of 0.88. The company has a 50-day moving average of $48.06 and a 200 day moving average of $54.48.

Xometry (NASDAQ:XMTR) last issued its quarterly earnings results on Tuesday, February 24th. The company reported $0.16 EPS for the quarter, topping the consensus estimate of $0.12 by $0.04. The firm had revenue of $192.40 million during the quarter, compared to analysts’ expectations of $183.37 million. Xometry had a negative return on equity of 5.49% and a negative net margin of 8.99%.The firm’s revenue for the quarter was up 29.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.06 earnings per share. Sell-side analysts predict that Xometry, Inc. will post -0.66 EPS for the current year.

Insider Buying and Selling

In other Xometry news, President Sanjeev Singh Sahni sold 9,978 shares of the company’s stock in a transaction on Thursday, February 26th. The stock was sold at an average price of $43.45, for a total value of $433,544.10. Following the completion of the sale, the president directly owned 113,022 shares in the company, valued at $4,910,805.90. This represents a 8.11% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Katharine Weymouth bought 1,215 shares of the company’s stock in a transaction on Friday, February 27th. The stock was bought at an average price of $41.15 per share, with a total value of $49,997.25. Following the completion of the acquisition, the director owned 3,615 shares in the company, valued at $148,757.25. This represents a 50.63% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders sold 68,090 shares of company stock worth $3,032,592 over the last quarter. Corporate insiders own 9.66% of the company’s stock.

Institutional Trading of Xometry

Several large investors have recently added to or reduced their stakes in the stock. Rockefeller Capital Management L.P. grew its holdings in Xometry by 9.7% in the 4th quarter. Rockefeller Capital Management L.P. now owns 3,270 shares of the company’s stock valued at $194,000 after buying an additional 290 shares in the last quarter. T. Rowe Price Investment Management Inc. purchased a new stake in Xometry in the 4th quarter valued at $15,938,000. Fuller & Thaler Asset Management Inc. purchased a new stake in Xometry in the 4th quarter valued at $76,393,000. XTX Topco Ltd purchased a new stake in Xometry in the 4th quarter valued at $1,440,000. Finally, Numerai GP LLC grew its holdings in shares of Xometry by 24.7% during the 4th quarter. Numerai GP LLC now owns 7,510 shares of the company’s stock worth $447,000 after purchasing an additional 1,487 shares during the period. 97.31% of the stock is currently owned by hedge funds and other institutional investors.

About Xometry

Xometry, Inc (NASDAQ: XMTR) operates a technology-driven marketplace that connects businesses with on-demand manufacturing capacity across a wide array of processes. Through its proprietary Instant Quoting Engine and Xometry Platform, the company streamlines sourcing for CNC machining, 3D printing, sheet metal fabrication, injection molding, urethane casting and other custom manufacturing services. By aggregating a network of thousands of vetted suppliers, Xometry offers rapid lead times, transparent pricing and real-time order tracking to customers in sectors ranging from automotive and aerospace to medical devices and industrial equipment.

Since its founding in 2013 and headquarters in Rockville, Maryland, Xometry has expanded its geographic reach to serve customers in North America, Europe and beyond.